It didn’t vanish. The early investors got their money and the naive buyers left holding their empty bags.
This is what they call exit liquidity.Exit liquidity refers to investors who buy assets at inflated prices, enabling earlier investors to sell at a profit.
These later investors often incur losses as asset values decline.It is very common in crypto and in volatile tech stocks.
They also got it on the NASDAQ so if you have an index fund that follows that you bought into it.
Early investors are still in their lock in period.
A lot of people really dont understand this.
SpaceX got the money. Its on their balance sheet.
Everyone who bought at $135 IPO price was giving money to SpaceX.
Everyone since then is just trading shares between each other.
The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.
This is mainly just showing a lot of option conversions / actions that happened because of the merger / IPO.
There’s a small sale on the first form in March, and the 2nd form in April
The world’s first ex-trillionaire. Back to tres commas for you.
Not to worry I’m sure the trillion was mostly just from pleb 401ks.
I knew I should have shorted it 😭
The market can stay irrational longer than you can stay solvent.
The stock hit $123 on Friday. It’s still got a $1.6T market cap. I have no idea where they got that headline from.
Because the high was just over $200. They are talking from its peak.
In a way SpaceX did me a favor. I dumped my NASDAQ composite fund before they started carrying SpaceX. It’s been on a downward trend ever since.
Maybe it’s been on a downward trend because of SpaceX?
“vanishes” from the pockets of buyers into the pockets of the IPOers
Who could possibly have foreseen this! It’s an utter mystery!
Musk is the world’s first zeronaire.
Hey, I was here first!
Wonderful. Keep going!
What I find interesting about this is that everybody knew exactly what would happen, and then it happened. It’s a perfect counterexample to the logic of “this system isn’t perfect, but it’s the best thing we have.” It’s just the rich and powerful using leveraging their wealth and power to become even more so, and under the current rules nobody can stop them.
Good. Choke on it, Elon.
Musk = POS Nazi.
A trillion vanishes and nobody knows if anyone made money from this…
Shame the SEC will not stomp on the neo-Nazi.
1 trillion to go!
Damnation. I only made $20k from the downturn.
I mean, it might drop further, there’s probably going to be a bunch of automated panic selling.
